HomeMy WebLinkAboutCity Council Resolution 1996-548L
RESOLUTION NO. 96-548
Whereas, T winWest members and City Staff members from its member communities
have met several times to establish common ground for the reform of Tax Increment
Financing Legislation in the 1997 Legislature; and,
Whereas, an agreement has been reached for presentation to the various member City
Councils; and,
Whereas the agreement would address concerns with the use of Tax Increment
Financing such as competition between cities, use of funds for unrelated projects,
avoidance nf referenda, and use of funds to create unfair competition in the market
place;
NOW, 711BREFORE, BE IT RESOLVED by the Mayor and City Council of the City
of Plymouth approve and support the attached T winWest position on Tax Increment
Financing dated September, 1996, provided that it is not applied retroactively to
existing Tax Increment Financing districts.
Adopted by the Plymouth City Council on October 2, 1996.